BOXL earnings analysis
What we found in BOXL's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Boxlight returned to profitability in the second quarter, with diluted EPS of $0.34 versus a $(55.08) loss a year earlier, and revenue improved sequentially to $25.918 million. However, revenue remained approximately 16.4% below the $31.0 million reported in 2025 Q2, while audio demand remained pressured and no formal numeric guidance was provided. The balance-sheet and liquidity outlook remains highly constrained: debt was $32.2 million at June 30, 2026, covenant and liquidity breaches required waivers, and management disclosed substantial doubt about the company’s ability to continue as a going concern.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue recovered sequentially but fell year over year
- Second-quarter revenue was $25.918 million, approximately 16.4% below the $31.0 million reported in 2025 Q2, but approximately 17.8% above $22.0 million in 2026 Q1.
- Returned to quarterly profitability
- Diluted EPS was $0.34 versus a $(55.08) loss in 2025 Q2 and a $(13.50) loss in 2026 Q1, marking a return to quarterly profitability.
- Equity raise reduced credit facility principal
- The company completed an August 2026 equity raise that generated a principal repayment of approximately $2.25 million on the Whitehawk loan, although it also incurred a $0.14 million prepayment penalty.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Going-concern and covenant risk
- As of June 30, 2026, the company owed $32.2 million under its Credit Agreement and had previously failed to comply with financial covenants, minimum liquidity, and borrowing-base requirements. The company stated that these conditions raise substantial doubt about its ability to continue as a going concern for one year following issuance of the financial statements.
- Nasdaq equity deficiency threatens listing
- Nasdaq notified the company on July 1, 2026 that it did not meet the $2.5 million stockholders’ equity requirement for continued listing. Although the company requested a hearing, there is no assurance that continued listing or an adequate cure period will be granted.
- Market-value listing threshold risk
- The company’s market value of listed securities was approximately $2.4 million on July 23, 2026, below Nasdaq’s new $5 million threshold. If the rule becomes effective and the deficiency persists through September 2, 2026, the shares could face immediate suspension and delisting without the usual stay from a hearing request.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.34
What they said about what is next.
No explicit numeric revenue or EPS guidance was provided. Management indicated that 2026 global unit demand is expected to remain consistent with 2025 levels, while near-term audio demand remains pressured and recovery depends on deferred demand returning.
The filing reads worse than the one before it.
What came before.
- 10-Q · May 15, 2026
- Boxlight Corporation reported Q4 2025 results with a revenue of $22.4 million, unchanged from the prior year, and a decrease in EPS to -$9.96, significantly worse than consensus estimates. Management cited increased…
- 10-K · April 15, 2026
- Boxlight’s 2025 10-K reaffirms its strategy to sell integrated interactive display, audio, STEM and software solutions primarily into K-12 education (sold into more than 70 countries and more than 1.5 million…
- 10-Q · November 14, 2024
- Boxlight reported Q3 net revenues of $36,289 (in thousands) and a GAAP net loss per common share of $(0.34). Revenue fell versus the prior-year quarter ($49,667) and the company missed consensus; operating loss narrowed…
- 10-Q · August 13, 2024
- Boxlight reported Q2 2024 revenue of $38,514,000 (down from $47,052,000 in Q2 2023), gross profit of $14,528,000 (37.7% margin) and operating income of $1,222,000 (3.2% margin). Net loss attributable to common…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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